Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    302 Main St Melbourne, AR 72556

    Sponsored
    For Sale
    $425,000

    Half-acre lot, ideal for various businesses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 302 Main Street in Melbourne, Arkansas, presents a unique investment opportunity. Situated on a desirable half-acre lot, this general commercial property offers significant potential for a wide range of business ventures. The property's address, 302 Main Street, places it in a high-traffic area with excellent visibility, ensuring maximum exposure for any business operating from this location. The generous 0.5-acre lot provides ample space for expansion, additional parking, or outdoor amenities, depending on the specific business needs. The asking price for this property is $425,000, representing a compelling value considering its prime location and development potential. The property's size, while not specified in square footage, offers considerable space for a variety of commercial uses. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Arkansas community. Its central location and ample land make it an attractive prospect for entrepreneurs and investors seeking a strong foothold in the Melbourne market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy and is awaiting a visionary business owner to transform it into a thriving enterprise. Don't miss out on this chance to secure a prime commercial location in Melbourne, Arkansas.

    Property Features for 302 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Izard
    State
    Arkansas
    Longitude
    -91.91209
    Latitude
    36.05866

    Nearby Comparable

    • $299,000
      1,262 SF

      Log Cabin on 32 Acres

      Secluded 3-bedroom log cabin on 32 acres in North Central Arkansas.
      4217 Millcreek Rd, Melbourne, AR 72556
      View Details
    • $74,900
      816 SF

      Prime Commercial Building and Land

      Located in the heart of downtown Melbourne, Arkansas.
      41 S Spring St, Melbourne, AR 72556
      View Details
    • $89,900
      10.00 Acres

      Versatile Acreage in Sage, Arkansas

      10 acres with highway frontage, ideal for various uses.
      1442 State Hwy 69, Sage, AR 72573
      View Details
    • $3,500,000
      97.10 Acres

      Arkansas Silica Sand Mining Opportunity

      97.10 acres with estimated 16M+ tons of 93% pure silica.
      4103 River Rd, Guion, AR 72540
      View Details
    • New
      $129,500
      35.26 Acres

      35.26 Acres with Pond

      Land with highway frontage, pond, timber, and hunting potential.
      1314 Shoemaker Rd, Violet Hill, AR 72584
      View Details

    Nearby Similar for Sale

    • $155,000
      1.27 Acres

      Riverfront Lot with RV Included

      1.27-acre property with 300 feet of White River frontage.
      300 Mt Olive Mnr Dr, Melbourne, AR 72556
      View Details
    • $74,900
      816 SF

      Prime Commercial Building and Land

      Located in the heart of downtown Melbourne, Arkansas.
      41 S Spring St, Melbourne, AR 72556
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Half-acre lot, ideal for various businesses.
    Where is this commercial real estate located?
    The property is located at 302 Main St Melbourne, AR.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    302 Main St Melbourne, AR 72556
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Main St
    Melbourne, AR 72556
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 Main St Melbourne, AR 72556
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.